>>pixela+y3
Pensions seem nice to have, but IMHO, it's generally better for employer and employee when compensation is paid immediately. The accounting is simpler, accountability is easier, and there's no long term entanglements.
>>toast0+F5
What i don't understand about 401k is why is there such a strict limit on personal contributions, but employer can contribute significantly more? It's all compensation one way or another, why shouldn't I be able to allocate my compensation how I please?
>>hamand+zd
The IRS doesn't want 401k to be a tax-avoidance scheme for the rich so individual plans are heavily capped. But you should have the same cap as your employer in a plan they administer.